Downtown Poughkeepsie Development
52 Academy Street Poughkeepsie, NY 12601
52 Academy Street, Poughkeepsie, NY, 12601
$700,000
For Sale
$700,000
Multi-family property with two vacant parcels in prime location.
Days on Market103
Property Features for 52 Academy Street
General Information
- Standard status
- Active
- Property subtype
- Commercial
Listing Agency
K. FORTUNA REALTY, INC.
(845) 632-3492
Listed by
GINALEA HEALY · License #10401298074
Source
Corcoran
Added: Apr 8 Checked: Jul 19 at 7:46 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of K. FORTUNA REALTY, INC.
Investment Insights
Based on property information with market context.
Located in Downtown Poughkeepsie, this offering includes a multi-family property and two adjoining vacant parcels. The existing multi-family structure features large residential units with rental potential, presenting a value-add investment opportunity. The two additional vacant parcels create redevelopment possibilities, allowing for expansion of the current building, new residential units, or a mixed-use concept. Situated within the MU-5 (Mixed-Use 5) zoning district, the property allows for multi-family residential development, retail, office, and service-based uses, with potential for up to 5 stories and bonus height opportunities up to 7 stories. The location is near the business district, courthouse, and train station. This property is suitable for an investor or developer looking to combine immediate income with long-term upside in an active growth area.
Key Highlights
- Multi‑Family Property with Two Adjoining Vacant Parcels: Offering immediate income and future development potential.
- MU‑5 Zoning: Allows for multi‑family residential, retail, office, and service‑based uses with potential for up to 7 stories.
- Value‑Add Opportunity: Existing multi‑family structure with strong rental potential through renovations.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Multi-family property with two vacant parcels in prime location.
Where is this multifamily property located?
The property is located at 52 Academy Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Multi‑Family Property with Two Adjoining Vacant Parcels: Offering immediate income and future development potential.; MU‑5 Zoning: Allows for multi‑family residential, retail, office, and service‑based uses with potential for up to 7 stories.; Value‑Add Opportunity: Existing multi‑family structure with strong rental potential through renovations.
